Form 4: Phillips 66 Executive Don Baldridge Reports Stock Transaction
SEC Form 4 Filing
Executive Vice President Don Baldridge reports the withholding of shares to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On February 27, 2025, Don Baldridge, an Executive Vice President at Phillips 66, had 3,862 shares of common stock withheld to cover tax obligations.
- This was related to the vesting of Restricted Stock Units (RSUs) granted on February 27, 2022.
- The price per share was $126.96, which is the average of the high and low price of Phillips 66 stock on that day.
- Following the transaction, Baldridge beneficially owns 39,710 shares, including 26,797 Restricted Stock Units (RSUs) that settle for shares of Phillips 66 common stock on a 1-for-1 basis.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 27, 2022 | Date of grant for the Restricted Stock Units (RSUs). |
| February 27, 2025 | Date of the stock transaction (shares withheld for tax obligations). |
| March 03, 2025 | Date of signature for the Form 4 filing. |
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